Bankwest More World Mastercard Review

Earn 115,000 bonus More Rewards Points every year when you meet the spend requirement. Plus travel in style with unlimited complimentary LoungeKey airport lounge passes.

The Bankwest More World Mastercard is a premium credit card that rewards you for every $1 you spend on eligible purchases with a higher earn rate than the Classic or Platinum cards. You can also save on travel costs with no foreign transaction fees and complimentary international travel insurance.

If you want to clear an existing debt, this card offers 0% p.a. on balance transfers for 6 months (with a 1% balance transfer fee).

Product NameBankwest More World Mastercard
Rewards ProgramBankwest More Rewards Program
Balance transfer rate (p.a.)0% p.a. for 6 months with 1% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (19.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$270 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$12,000
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$76,000
Minimum Age18 years of age
Available To Temporary ResidentsYes
Joint ApplicationNo
Annual fee$270 p.a.
Minimum Monthly Repayment2% or $20, whichever is greater
Late Payment Fee$25
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Cash Advance Fee2% of transaction amount or $4 (whichever is greater)
Overseas Cash Advance Fee2% of transaction amount or $4 (whichever is greater)
Overseas ATM Withdrawal Fee$0
Additional Cardholder Fee$0
Number of Additional Cardholders3

Pros

  • Earn 115,000 annual bonus points when you spend at least $84,000 on eligible purchases within the year.
  • Benefit from a low introductory rate of 0% p.a. for 6 months on balance transfers.
  • Pay no foreign transaction fees on online or overseas purchases.
  • Earn 2.5 More Rewards Points per dollar spent on eligible purchases, with uncapped earnings potential.
  • Enjoy unlimited airport lounge access per year through LoungeKey.
  • You can add up to 3 extra cardholders for free.

Cons

  • The balance transfer offer comes with a one-time 1% balance transfer fee.
  • There is only up to 44 days interest-free when you make a purchase on your card.
Rewards ProgramBankwest More Rewards Program
Bonus Points115,000 bonus points
Rewards Points per $ spent (VISA/MC)2.5
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A

Benefits of the Bankwest More World Mastercard

  • Annual bonus points. Earn 115,000 More Rewards bonus points when you spend at least $84,000 on eligible purchases within the year.
  • Bankwest More Rewards. Cardholders can earn 2.5 points per $1 spent on eligible purchases with no points cap. You can redeem your points for cashback to your account, gift cards with popular brands, travel through Webjet as well as products from the Bankwest More Rewards online store that range from beauty and fashion to entertainment, food and wine.
  • Balance transfer offer. This card has an introductory balance transfer rate of 0% p.a. for the first 6 months. A 1% balance transfer fee applies. Any remaining balances after the introductory period will be charged at the standard balance transfer rate, currently 19.99% p.a.
  • 0% foreign transaction fees. While most credit cards charge a fee of 2-4% for international transactions, the Bankwest More World Mastercard doesn't charge you when you make a foreign transaction overseas or when shopping with an international merchant.
  • Complimentary airport lounge visits. You can relax before your next flight thanks to unlimited complimentary airport lounge visits through LoungeKey. Once you enrol, you can access more than 800 participating airport lounges worldwide. You can see finder's guide to LoungeKey airport lounges for more information about the benefits.
  • Complimentary credit card travel insurance. This card comes with complimentary international travel insurance and interstate flight inconvenience insurance to give you peace of mind when you travel.
  • Complimentary purchase insurance. The Bankwest More World Mastercard provides purchase protection insurance to help protect eligible items against theft or damage, price guarantee insurance to get the lowest price on your purchases, and extended warranty coverage for eligible purchases with an Australian manufacturer’s warranty.
  • Contactless payment options. This card can be linked to Google Pay, available on compatible Android devices. You can also purchase a Bankwest Halo payment ring and use it to tap and go at any contactless payment terminal. Available in black or white, the ring costs $39, is secure, waterproof and doesn't require an app or charging.

Features of the Bankwest More World Mastercard

  • Annual fee. The Bankwest More World Mastercard charges an annual fee of $270.
  • Interest rates. This card charges a standard purchase rate of 19.99% p.a. and a cash advance rate of 21.99% p.a.
  • Interest-free days. Take advantage of up to 44 days interest-free when you use your More World Mastercard. You must pay the closing balance, including any cash advances and balances, to qualify for interest-free days.
  • Cash advance fee. This card charges 2% of transaction amount or $4 (whichever is greater).
  • Additional cardholders. You can request up to 3 additional cardholders at no extra cost. This allows you to share your account with a partner of family members to help earn more rewards. Note that you will still be responsible for keeping the account in good standing.

How to apply for the Bankwest More World Mastercard

You can apply for the Bankwest More World Mastercard online within minutes. Before you start, make sure you meet the eligibility requirements and have all your supporting documents ready.

Eligibility requirements

  • Age. You must be at least 18 years of age.
  • Residency. You must be a permanent Australian resident with a valid address. You must be able to prove your residency in order to be eligible for this credit card.

Required documents

  • Personal details. You’ll need to provide personal details including your full name, residential address, email address and phone number.
  • Identification. You’re required to provide at least two forms of identification, such as your driver's licence, Medicare details, passport or Australian Birth Certificate.
  • Employment details. This includes your employer’s name and contact details, the length of employment and your salary.
  • Financial details. This includes details of any other sources of income, assets, and regular expenses such as existing loans and household bills.

The Bankwest More World Mastercard is a premium product that offers competitive rewards and travel-centric benefits, with a standard annual fee of $270. As there are many other rewards cards in the market, make sure you compare a range of options before choosing a card that’s right for you.

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6 Responses

  1. Default Gravatar
    TorrieAugust 7, 2018

    How many bankwest reward points to transfer into a velocity frequent flyer point?

    • finder Customer Care
      JhezelynAugust 9, 2018Staff

      Hello Torrie,

      Thank you for your comment.

      Unfortunately, Bankwest More Rewards points cannot be converted to Velocity Frequent Flyer Points. Please refer to this page to see the points that can be converted to Velocity points. I hope this helps.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. Default Gravatar
    WeiJune 19, 2017

    Important changes (June 2017)

    Please note that effective 15 June 2017, Bankwest cardholders can enjoy unlimited airport lounge visits via LoungeKey.

    How come I can’t find the above information on the Bankwest’s official website? Is it for all Bankwest card holder or only the More World MasterCard?

    • Default Gravatar
      JonathanJune 20, 2017

      Hi Harry!

      You can contact Bankwest Hotline to get an updated full-guide on the promo details as the Product Disclosure Statement connected on this card is last updated on May 15, 2017.

      Hope this clarifies.

      Cheers,
      Jonathan

  3. Default Gravatar
    DanielJanuary 9, 2017

    do you pay annual fee at beginning or end of the year, is the bonus 80,000 include current bankwest clients, i am considering changing credit cards, currently have bankwest platinum but if i can swap with this offer then wont leave bankwest for better card will apply for this one. thanks

    • finder Customer Care
      LouJanuary 9, 2017Staff

      Hi Daniel,

      Thanks for your questions.

      The annual fee is normally charged upon account activation and is payable by the first credit card bill.

      The 80,000 introductory bonus offer is only available to new Bankwest More MasterCard customers, subject to other eligibility criteria. You are not eligible for this offer if:
      (1) you are upgrading or changing your existing Bankwest credit card to a Bankwest World MasterCard
      (2) you already have a Bankwest More MasterCard credit card

      I hope this helps.

      Cheers,
      Anndy

Credit Cards Comparison

Rates last updated October 15th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Qantas Premier Everyday
19.99% p.a.
4.9% p.a. for 24 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 26 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer, $0 first year annual fee, complimentary travel insurance and access to a 24/7 personal concierge service.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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